CO > Denver > City Park
Denver, CO 80218,1721 N High
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Denver, CO 80218,1721 N High
Denver, CO 80218,1721 N High
Denver, CO 80218,1721 N High
Denver, CO 80218,1721 N High
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Bob Engel

Bob Engel

+1(303) 638-0780
$ 1,750,000
Est. payment /mo
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Active

1721 N High Denver, CO 80218

8,767 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 8,767 sqft

Subdivision City Park

MLS Listing ID IRE2096717

HOA Y/N No

Year Built 1894

Annual Tax Amount $42,962

Tax Year 2024

Property Sub-Type Duplex

Source ires

Property Description

See full OM on Loopnet. Welcome to 1721-1725 N High St, a nearly 9,000 SQF mixed-use multifamily and office property in Denver's highly walkable and historic City Park West neighborhood. 1721-1725 N High St presents a rare investment opportunity in a one-of-a-kind asset, with stable in-place income, limited downside and multiple easily achievable value-add strategies for prospective buyers. Originally constructed in 1894 on a 0.20-acre lot, the building has been updated for both commercial and residential use, with approximately $500K in capital improvements since 2022. Zoned G-RO-3, the property allows for both multifamily and commercial uses. The office portion spans approximately two-thirds of the building and is leased to a therapy services provider through August 2029, currently achieving $8,500/month in rental revenue with 3% annual escalations. One residential unit, a 1,200 SF 2BR/1BA unit, achieves in-place revenue of $2,250/month. On top of the office space and 2BR/1BA unit generating $10,700/month, the remaining 4BR/1.5BA unit is on an 18 month lease at $3750/mo. For investors, the asset offers flexible exit optionality-whether by executing a lot split, converting units to pure residential, or repositioning for executive commercial offices-all within one of Denver's most desirable urban neighborhoods. Please Downlaod Offering Memorandum or contact listing broker. Loopnet:

Location

State CO

County Denver

Community City Park

Area Metro Denver

Zoning G-RO-3

Rooms

Basement Partially Finished

Interior

Heating Forced Air

Cooling Central Air

Appliance Dishwasher, Refrigerator, Washer, Dryer

Exterior

Garage Spaces 8.0

View Y/N No

Roof Type Composition

Garage Yes

Building

Lot Description Level

Sewer Public Sewer

Level or Stories Two

Structure Type Brick

New Construction false

Schools

Elementary Schools Cole Arts And Science Academy

Middle Schools Bruce Randolph

High Schools Denver District 1

School District Denver District 1

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Information and Real Estate Services (IRES)
Listed by Erik Carman
Bob Engel

Bob Engel

Broker/Owner | KWREA100003949

+1(303) 638-0780

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